Colombia - The economic situation

W.H. - 10a RESTRICTED This report is restricted to use within the Bank. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT THE ECONOMIC SITUATION of COLOMBIA August 31, 1953 Department of Operations Western Hemisphere Prepared by: Margaret Wolfson  Currency Unit - Peso Par Value U. S. $1 - 1.95 pesos $512,262 - 1 milion pesos Basic official buying rate U. S. $1 - 2.50 pesos $400,000 - 1 million pesos  GETE[RAL STATISTICS Area 450,000 square mailes Population 1951 11.3 million increasing 2 1/4,' annually National Income 1952 6dL billion nesos (92.6 billion) .228 per head 1950 1951 1952 June 1953 Trade (-i million) Exports 396 460 473 Imports cif 364 4 Balance A32 fi 456 Central Bank Exchange (Dec. t- million) 113 138 167 187 Fiscal results 1U1iFrn esos: Z;arfioF Fe-s-o7s ~~~~~1953 Budget Revenues 573.4 733.4 810.3